Is there any cahge in Abatement of Out Door Catering ? If Yes what is Revised Abatement? What is effective Date?
Thanks.
Abhijit Patekar (Practice) (58 Points)
22 June 2012Is there any cahge in Abatement of Out Door Catering ? If Yes what is Revised Abatement? What is effective Date?
Thanks.
shashi bhusan panda
(Accounts Executive)
(24 Points)
Replied 22 June 2012
I have also same problem. Please update.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 22 June 2012
No there is no change in Abatements alloweable to Outdoor Caterers.
Rahul
(Manager)
(45 Points)
Replied 22 June 2012
Currently there is a 50% abatement subject to conditions as per S.Tax Notf. No. 1/2006-Service Tax dt. 1st March, 2006. Now abatement is reduced from 50% to 40% , so you mean to pay the Service tax @ 12% on 60 Rs. if your gross amount of bill is 100 Rs. Effective date is 1.7.2012 but seems little clarification needed as news is there will be delay in implementing negative list & other changes by 3-4 months.
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 03 July 2012
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